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Saturday, June 9, 2018

Trump: America Will No Longer Be the ‘Piggy Bank that Everyone is Robbing’

AP Photo/Evan Vucci

9 Jun 2018

Donald Trump concluded his trip to the Group of 7 (G7) economics
conference in Canada with a combative, unscheduled statement in which
he promised that the United States would no longer be the “piggy bank
that everyone is robbing.”

Flanked by Economic Adviser Larry Kudlow and National Security
Adviser John Bolton, Trump said the ultimate goal of U.S. trade policy
was the elimination of tariffs and subsidies. But short of that, he also
pledged the U.S. would raise its own trade barriers to combat unfair
trade practices around the world.

“We’re like the piggy bank that everybody’s robbing and that ends,” Trump said.

Trump praised the G7 nations for what he described as their efforts to “take advantage” of weak U.S. leadership

“I blame our leaders and I congratulate leaders of other countries
for taking advantage of our leaders,” Trump said. “It’s going to stop.
Or we’ll stop trading with them. And that’s a very profitable answer, if
we have to do it.”

Trump said that America’s trading partners would be making a mistake if they retaliated against new U.S. tariffs.

“If they retaliate they’re making a tremendous mistake because you
see we have a tremendous trade imbalance,” he said. “The numbers are so
much against them, we win that war 1000 times out of a 1000.”

President Trump’s public comments Saturday morning reflected his
aggressive approach with world leaders Friday night. In
private conversations with leaders from France, Canada, the U.K.,
and Japan Friday, Trump countered complaints about U.S. trade policy
with detailed lists of what he described as unfair trade practices and
failures to meet security commitments, according to a person briefed on
the matter.

“If they thought they were going to lecture Trump on the glories of
free trade, they got a rude awakening. He came to a gun fight armed with
a stealth bomber,” one U.S. official told Breitbart News.

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